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Posted on: March 30, 2021

F.Y. 2022 Proposed Budget

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NOTICE OF PUBLIC HEARING

CITY OF RADFORD, VIRGINIA

TAX LEVIES FOR CALENDAR YEAR 2020 AND F.Y. 2021-2022 BUDGET

 

Pursuant to Section 58.1-3007 of the Code of Virginia, notice is hereby given that a public hearing is scheduled for 

7:00 P.M. April 12, 2021 on the proposed Tax Rates for Calendar Year 2021. Interest parties are invited to attend the public hearing and present their views.  The hearing will be held in the Council Chambers located at 10 Robertson Street.

 

FURTHER, notice is given that the Council’s intention to propose no increases in the following tax levies for Calendar year 2021:

 

  1. Real Property tax levy increases to $0.84 per one $100.00 of assessed value.

 

  1. Machinery and tools tax levy remains at  $1.76 per $100.00 of assessed value.

                                                                        

  1. Tangible personal property as listed and specified in Subsections 3 through 13 of Section 58.1-3503A,                 

Code of Virginia, 1950 as amended, remains at $2.44 per $100.00 of assessed value.

 

  1. Tangible personal property as listed and specified in Subsections 15 through 19 of Section 58.1-3503A,

Code of Virginia 1950 As Amended, remains at $1.76 per $100.00 of assessed value.

 

Notice is also given that the City Council of Radford City scheduled a public hearing for 7:00 P.M. or as soon thereafter, April 12, 2021 on the Advertised Fiscal Year 2021-2022 Budget in the amount of $62,057,466. The hearing will be held in the Council Chambers located at 10 Robertson Street.

 

The following is a synopsis of the 2021-2022 Budgets:

 

CITY OF RADFORD                                                                                     Total for City

GENERAL FUND                                                                                                 28,726,722                                     

STREETS MAINTENANCE FUND                                                                        2,407,851

TRANSIT                                                                                                               3,492,592

WATER/WASTEWATER FUND                                                                            5,024,934

ELECTRIC FUND                                                                                                 20,118,408

SOLID WASTE FUND                                                                                            1,541,050

*INTERNAL SERVICES                                                                                           745,909

            *Not included in total above as this fund is allocated through all other funds.

 

Notice is also given that the City Council of Radford City will hear comments on the Radford City School Board Budget in the amount of $33,145,146.

 

The Summary is as Follows:

 

RADFORD CITY SCHOOL BOARD                                                            Total for Schools         

            OPERATING FUND                                                                                                    18,126,228

SCHOOL NUTRITION FUND                                                                                          705,026

GRANTS FUND                                                                                                            2,625,404

TEXTBOOKS FUND                                                                                                         326,545

CAPITAL PROJECTS FUND                                                                                            220,000

HEALTH INSURANCE FUND                                                                                     2,595,251

MCHARG SCHOOL ADDITION/RENOVATION                                                         8,401,804

REGION 7 VIRTUAL ACADEMY FUND                                                                       144,888

 

A copy of the document is available for review in the City Manager’s office, the Radford Public Library, and on the City’s website at www.radfordva.gov.  

 

BY THE ORDER OF RADFORD CITY COUNCIL

Proposed Budget
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